Processing Magazine
  • Subscribe
  • Magazine
  • Events
  • News & Notes
  • Videos
  • Podcasts
  • Webinars
  • White Papers
  • 3D Models
  • Breakthrough Products Awards
  • Maintenance & Safety
  • Material Handling
  • Mixing & Blending
  • Powder & Bulk Processing
  • Process Control & Automation
  • Pumps, Motors & Drives
  • Valves & Actuators
  • Topics
    Maintenance & SafetyMaterial HandlingMixing, Blending & Size ReductionProcess Control & AutomationPumps, Motors & DrivesValves & ActuatorsPowder & Bulk Solids
    Resources
    MagazineEventsNews & NotesVideosPodcastsWebinarsWhite PapersBreakthrough Products Awards
    User Tools
    SubscribeAdvertiseAbout UsContact UsPrivacy PolicyTerms & Conditions
    http://www.facebook.com/ProcessingMagazine
    https://www.linkedin.com/showcase/27062974
    https://twitter.com/ProcessingMag
    1. News & Notes

    US oil production hits highest level in 25 years

    Dec. 16, 2013

    Because of the shale boom in recent years, the United States is more energy independent than ever and has been able to reduce energy imports dramatically.

    Staff
    goce risteski/iStockphoto/Thinkstock
    goce risteski/iStockphoto/Thinkstock
    Ts 162233465 715x400

    U.S. oil output has reached a 25-year record thanks to the large reserves of fossil fuel extracted by hydraulic fracturing in states like Texas and North Dakota. Because of the shale boom in recent years, the United States is more energy independent than ever and has been able to reduce energy imports dramatically, Bloomberg reported.

    In the first week of December total U.S. oil production came in at 8.075 million barrels a day, the highest since October 1988, according to figures from the Energy Information Administration (EIA). Just over the past 12 months output grew at the fastest rate ever recorded, reaching 18 percent. Projections by the EIA anticipate the United States becoming the largest oil producer by 2015. Last year the agency predicted that the country would occupy the top position in 2020, but the rapid growth rate prompted a revision of this forecast.

    RELATED: Oil & gas companies to spend more on exploration, production in 2014

    Over the first nine months of 2013 oil production in both Texas and North Dakota increased by 21 percent, while Oklahoma saw a 19 percent rise. Other states that registered double-digit growth include Wyoming (14 percent), New Mexico (12 percent) and Colorado (11 percent), data from the EIA shows.

    Imports of crude and petroleum products are expected to lose ground on the U.S. market in 2014, with foreign production accounting for 28 percent of domestic demand. This is in stark contrast to the peak of 60 percent, recorded just eight years ago.

    Continue Reading

    Making remote support work in manufacturing

    Fortress Technology acquires food safety specialist Dynamic Inspection

    Sponsored Recommendations

    Motion names new automation intelligence group vice president

    Mike Esposito will lead the Motion Automation Intelligence team, including the development and implementation of multi-year strategic business and marketing plans.

    MG America and Romaco North America announce strategic alliance in North American manufacturing equipment marketplace

    The two suppliers will combine sales, field service and support teams to offer complementary processing and packaging machinery.

    Yokogawa and FPT Software ink global partnership to advance DX solution offerings

    The partnership will help accelerate the growth of Yokogawa's DX portfolio of applications and services while helping FPT Software expand its market reach. The agreement is in...

    Efficient pressure compensation improves weighing accuracy in loss-in-weight feeders

    Electronic pressure compensation systems are more effective and reliable than traditional mechanical systems.

    Latest in News & Notes

    News & Notes

    Motion names new automation intelligence group vice president

    Nov. 29, 2023
    ID 98227990 © Markus Gann | Dreamstime.com
    News & Notes

    MG America and Romaco North America announce strategic alliance in North American manufacturing equipment marketplace

    Nov. 29, 2023

    Most Read

    Process Expo 2023 promises a host of new experiences, opportunities and excitement

    Spark detection and extinguishing system

    Distributed control system

    Sponsored Recommendations

    Motion names new automation intelligence group vice president

    MG America and Romaco North America announce strategic alliance in North American manufacturing equipment marketplace

    Yokogawa and FPT Software ink global partnership to advance DX solution offerings

    Processing Magazine
    http://www.facebook.com/ProcessingMagazine
    https://www.linkedin.com/showcase/27062974
    https://twitter.com/ProcessingMag
    • About Us
    • Contact Us
    • Advertise
    • Do Not Sell or Share
    • Privacy Policy
    • Terms & Conditions
    © 2023 Endeavor Business Media, LLC. All rights reserved.
    Endeavor Business Media Logo